Is it possible to buy cryptocurrencies with a debit card without KYC?

3 answers

• Dec 27, 2021 · 3 years ago
  Yes, it is possible to buy cryptocurrencies with a debit card without KYC. Some decentralized exchanges allow users to make purchases without requiring KYC verification. However, it's important to note that these exchanges may have lower liquidity and higher fees compared to centralized exchanges that require KYC.
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• Dec 27, 2021 · 3 years ago
  No, most reputable cryptocurrency exchanges require users to go through the KYC process when purchasing cryptocurrencies with a debit card. KYC helps prevent fraud, money laundering, and other illegal activities. It also ensures compliance with regulatory requirements in many jurisdictions.
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• Dec 27, 2021 · 3 years ago
  While it is technically possible to buy cryptocurrencies with a debit card without KYC, it is not recommended. KYC procedures are in place to protect both users and the exchange. By verifying the identity of users, exchanges can reduce the risk of fraud and ensure compliance with anti-money laundering regulations. It's always best to choose a reputable exchange that follows KYC guidelines to ensure the safety of your funds.
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